The Dominican Republic-Central American Free trade Agreement (DR-CAFTA) remains a controversial treaty five years after its contentious passage, yet many experts believe that the agreement is only just beginning to show its real impact.
CAFTA-DR forms one of the largest free trade blocs in the Americas, joining together Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic. Bilateral trade between the US and the CAFTA countries is valued at over $45 billion annually. But nearly five years on from when it was first implemented in the US, what effect has it had on the trade in services? NearshoreAmericas is taking a look at whether CAFTA has in fact enabled a more productive relationship between US customers and the professional services outsourcing industry in Central America.